he is now --. >> paul: is that a fair point in his defense? >> it is fair because a lot of bad bets were already made. whether they could have made some different decisions starting in early 2008, possibly, but i think the key issue for them, his job as secretary of treasury would basically be in charge of spotting risks in the financial marketplace. he is running something called the financial stability oversight council. this is deeming certain companies and identifying risks. was he able to identify any risks at citigroup? >> paul: did he see the iceberg coming. >> right. >> paul: and what would he do if it was headed towards the stocks. >> did he have no idea the risks they were running. no, i saw the risks, why didn't he say anything. i don't remember him being a big whistle-blower in 2008. there are difficult questions for him and this was not a his first job at citi. in 2006 when he first started to there he ran their private wealth and chief operating officer wealth management division. >> paul: they had been sued for selling bad asset